Core Viewpoint - The construction of the domestic electricity spot market in China is expected to significantly accelerate by 2025, driven by policy initiatives and market demand [1][10]. Group 1: Market Development - As of September 2024, Jiangsu officially launched the continuous settlement trial operation of its electricity spot market, marking a significant step in the development of electricity trading in the region [2]. - By the end of 2025, it is anticipated that the electricity spot market will achieve near-complete coverage across all provinces, with seven provinces already transitioning to formal operations [2][10]. - The electricity market in China is categorized into three main types: electricity spot market, medium- and long-term trading market, and auxiliary service market, each serving different trading timeframes and purposes [10][11]. Group 2: Market Dynamics - The electricity trading market has expanded significantly, with a more diverse and complex range of business activities compared to 2021 [4]. - In 2024, Jiangsu's total electricity consumption reached 848.6 billion kilowatt-hours, ranking first in the State Grid operating area and second nationally, indicating a high demand for electricity [7]. - The average monthly electricity trading price in Jiangsu exceeded 0.412 yuan per kilowatt-hour in 2024, suggesting potential savings for users who switch from State Grid's proxy purchasing to market participation [7]. Group 3: Policy and Regulation - Recent policy adjustments in Jiangsu aim to regulate the retail electricity market, including profit-sharing agreements between electricity retailers and users [8]. - The establishment of a unified regulatory framework for the electricity market is ongoing, with a focus on creating a comprehensive set of rules to ensure transparency and fairness [14][15]. - Challenges remain in harmonizing market rules across provinces while allowing for regional adaptations based on local resources and industry structures [16][17].
电力现货市场全覆盖倒计时
经济观察报·2025-09-21 04:57